Category: altcoin

Singapore-licensed cryptocurrency payment platform Dtcpay has announced plans to phase out support for cryptocurrencies like Bitcoin in favor of stablecoin-only transactions. Dtcpay took to X on Dec. 3 to officially announce that its platform will phase out support for Bitcoin (BTC) and Ether (ETH) payments by the end of 2024. Instead, Dtcpay will transition to…

The cryptocurrency market’s bullish momentum may slow after United States President-elect Donald Trump’s inauguration on Jan. 20, 2025, according to data on historical market performance during US election years. In the US, stocks — and cryptocurrencies such as Bitcoin (BTC) — perform well in the weeks after a presidential election and then cool off once…

Ripple’s XRP token has surged to a new 2024 high as investors anticipate pro-crypto developments in the United States under President-elect Donald Trump.  On Dec. 1, XRP (XRP) surpassed Solana (SOL) in market capitalization and has since flipped Tether’s USDt (USDT) to become the third-largest crypto asset by market cap. Cointelegraph Markets Pro data shows…

Ripple’s XRP (XRP) token flipped Solana’s (SOL) market capitalization for the first time during the current market cycle on December 1, 2024 — making XRP the fourth-largest cryptocurrency by market cap. According to data from CoinMarketCap, XRP currently has a market cap of over $122 billion at the time of this writing, compared to Solana’s…

Top Stories of The Week Dogecoin flips Porsche market cap as DOGE ETP, Musk drive rally Dogecoin has surpassed the market capitalization of luxury automaker Porsche, driven by endorsements from Elon Musk and the potential launch of an exchange-traded product for the memecoin. Dogecoin has risen 175% during the past month to a $57.8 billion…

Today in crypto, Ripple chief technical officer David Schwartz speaks out against debanking, falling Bitcoin dominance hints at an altcoin rally in December, and spot Ether ETFs reached a new record for daily inflows Ripple CTO David Schwartz speaks out against debanking Ripple chief technical officer David Schwartz spoke out against Operation Chokepoint 2.0 —…

Bitcoin dominance has printed a significant signal for altcoin investors, that could see smaller cryptocurrencies rally during December and attract more investments ahead of Jan. 20. Bitcoin (BTC) dominance, which measures the ratio of Bitcoin to the total value of the crypto market, has fallen to 56.1%, below its two-year support line, signaling that the…

The Ethereum network has long been criticized for high transaction fees, which often exceed $4. However, the exponential growth of layer-2 blockchains has created a sustainable solution for decentralized applications (DApps) that require higher scalability. This ecosystem saw a 70% increase in volumes over the past 30 days, but can it match Solana’s success? Decentralized…

Altcoins will swing between big rallies and pullbacks until Bitcoin confirms a breakout past the $100,000 mark, according to a crypto analyst. “We’re really waiting to see that exuberant move, and then we’ll look at that rotation of capital,” crypto exchange Swyftx lead analyst Pav Hundal told Cointelegraph at Aus Crypto Con 2024. Altcoins will…

SecondLane has listed an equity interest in memecoin protocol Pump.fun at a fully diluted valuation (FDV) of $1.5 billion, according to its platform. The private markets trading platform listed the 1% equity stake in Pump.fun for $15 million on SecondLane’s web app and on a Telegram channel where SecondLane announces new offerings. The popular Solana…

What is MemeFi? MemeFi is a tap-to-earn game on Telegram that fuses meme culture, entertainment and financial incentives. It combines the simplicity of tapping with the opportunity to win rewards.  Intended to be launched on Ethereum’s Linea layer 2, MemeFi was finally rolled out on the Sui blockchain in November 2024. Developed to gamify the…

CryptoQuant founder and CEO Ki Young Ju recently argued that altcoin season — a period of rapidly appreciating altcoin prices typically following a Bitcoin (BTC) bull market — will require new capital injections from retail traders to commence. The quantitative analyst wrote that institutional money is already tied up within exchange-traded funds, and the institutional…

Bitcoin’s price fell 2% on the same day CNBC markets commentator Jim Cramer suggested that cryptocurrencies should have a place in every investor’s portfolio. Cramer has become a meme for his investment advice, which many say usually turns out to be the wrong call. There was even a short-lived exchange-traded fund (ETF) that bet against…

Crypto fund issuer Valour has launched the first exchange-traded product (ETP) for Dogecoin (DOGE), the famed memecoin, according to a Nov. 26 announcement from Valour’s parent company, DeFi Technologies. The ETP will trade on Sweden’s Spotlight Stock Market, enabling retail and institutional investors to gain exposure to the world’s largest memecoin by market cap in…

While Bitcoin has pulled back from its all-time highs, traders are still hot on several altcoins, according to Santiment’s social sentiment tracker.  In a Nov. 26 post to X, the onchain analytics platform said that while Bitcoin (BTC) fell under $93,000 on Nov. 25, “Traders are still riding the hot altcoins and discussing specific stories…

Dogecoin (DOGE) futures open interest surged to an all-time high of $4.6 billion on Nov. 23, eclipsing the previous record by 100%. This escalation indicates a significant increase in leverage demand and is notable since DOGE was trading 35% below its peak of $0.74 from May 2021. Traders are concerned that the 224% rally in…

Top Stories of The Week Solana ETF regulatory filings flood in as Gensler sets departure date Cboe BZX Exchange submitted four 19b-4 filings for asset managers to list spot Solana exchange-traded funds (ETFs) on Nov. 21 — the same day the United States Securities and Exchange Commission Chair Gary Gensler confirmed he would resign in…

Dogecoin (DOGE) has rallied another 27% this week, reaching a new yearly high of $0.48 on Nov. 23. The memecoin’s monthly gains are a whopping 236%, and it remains the third-highest traded crypto asset based on 24-hour trading volumes with $19.5 billion. Top 5 crypto 30-day returns chart. Source: CoingGecko With the market speculating an…

The Commodity Futures Trading Commission (CFTC) has endorsed using blockchain technology to manage trading collateral in United States derivatives markets, according to a Nov. 21 report by the CFTC’s Global Markets Advisory Committee. Blockchain technologies — including distributed ledgers and tokenization — can address longstanding challenges for traditional derivatives exchanges and expand the variety of…

Solana (SOL) finally broke a new record high on Nov. 22, two years after the FTX exchange collapsed, sending prices of the layer-1 blockchain token prices plummeting.  Solana (SOL) prices tapped $264.31 on Coinbase on Nov. 22, according to TradingView. The move follows an impressive 11% gain over the past 24 hours. SOL has been…